Wednesday, March 13, 2013

Bumi Equity In Corporate Sector Exceeds 30 Per cent With Inclusion Of GLCs

SHAH ALAM, March 12 (Bernama) -- The Bumiputera equity in the corporate sector has exceeded 30 per cent if the government-linked companies (GLCs) were taken into consideration.

Source from (Bernama): http://www.bernama.com/bernama/v7/bu/newsbusiness.php?id=934005
Published: March 13, 2013

Source from (The Malaysian Insider): http://www.themalaysianinsider.com/business/article/bumi-equity-in-corporate-sector-exceeds-30pc-with-inclusion-of-glcs/
Published: March 13, 2013

Former Deputy Prime Minister, Tun Musa Hitam, said the involvement of GLCs in the economy was in line with the Malay agenda.

Musa said he was proud of the achievements of the GLCs especially Sime Darby Bhd and the Employees Provident Fund with their expansion to UK with the redevelopment of Battersea power station.

"Sime has operated in 20 countries in Europe, Asia and Africa and has a strong management," he said at a dialogue session on "Survival of Malay Economy" here Tuesday.

He said the New Economic Policy needed to be revamped where sectors which the Malays were under-represented be strengthened to reduce the disparity.

Musa said he disagreed with those who said that the Malay economy could not survive.

The Malay mindset needed to be changed to ensure that they did not need to depend on government help and subsidies, he said.

-- BERNAMA

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